Since the beginning of the Russia-Ukraine war, the West has been contemplating sanctions on Russian oil and gas imports. For the EU, this plan poses a significant challenge due to the long-existing sizable dependency on Russian energy. In this brief, we outline the possible effects of banning Russian oil and gas on the energy import bill across the EU.

In a recently published op-ed, Torbjörn Becker, Director of the Stockholm Institute of Transition Economics, discusses why Russia must be forced to pay a higher price for its war in Ukraine. Sanctions should be directed at oil and gas exports, and it is also time to increase the pressure on the banking system. Frozen Russian assets in the West could later become a good basis for Ukraine's reconstruction.

Against the backdrop of the Russian invasion of Ukraine, Swedish financial support to Russia has become questioned. Anders Olofsgård, Associate Professor at the Stockholm School of Economics (SSE) and Deputy Director at the Stockholm Institute of Transition Economics (SITE), explains why we need to understand what that support is actually financing and what its purpose is.

SITE researchers Maria Perrotta Berlin and Anders Olofsgård together with SITE research affiliated faculty Raj M. Desai (Georgetown University and Brookings Institution) examine the effect of a country's membership in the United Nations Security Council (UNSC) on the subnational distribution of World Bank aid. They find support for the hypothesis that aid recipient governments are better able to utilize aid flows for political favoritism during periods in which they are of geo-strategic value to major donors.

Robert Östling, Professor of Economics at SSE, is one of six members on Finansministerns ekonomiska råd (the Minister for Finance's economic council). The economic council will provide Sweden’s Minister for Finance, Mikael Damberg, with policy advice on current economic and scientific issues.

What is the biggest problem with imposing sanctions on autocracies? How are the cost of sanctions shared across the sanctioned party? Jonathan Lehne, Assistant Professor at the Stockholm Institute of Transition Economics (SITE), talks about the "Fortress Russia" strategy and how the Russian economy's exposure to sanctions has changed since 2014.

Can oil and gas sanctions and EU’s plans to reduce dependence on Russian energy affect EU transition to renewables? Elena Paltseva, Associate Professor at the Stockholm Institute of Transition Economics (SITE), shares her insights and discusses the current European growth strategy.

The invasion of Ukraine has already begun reshaping the world. The bombardment of Ukrainian cities has led to the deaths of thousands of civilians and forced millions to flee the country. But the war has also completely upended the global economy. Russia is paying the heaviest economic price, as it grapples with Western-led sanctions on its banks, major industries and individuals associated with President Vladimir Putin. Can Russia's economy survive?

As fighting across Ukraine escalates and the world reacts, how will the sanctions affect Russia and can we expect them to be effective? Maria Perrotta Berlin, Assistant Professor at Stockholm Institute of Transition Economics (SITE), shares her insights and discusses the potential effects of sanctions against Russia.

On this year's International Women's Day we would like to draw attention to the women impacted by the invasion of Ukraine by the Russian Federation. Evidence from other armed conflicts suggests that women are particularly vulnerable both at the site of the war and in displacement, and that gender-based violence heightens in conflict and post-conflict societies. With this in mind, the international community should pay particular attention to protection, support and well-being of affected women in this tragic time.